Money and Banking: What Everyone Should Know Season 1 Episode 9 The Real Rate of Interest
- November 1, 2023
- 28 min
Understanding how interest rates work sheds important light on our economy. Study the difference between the "nominal" or agreed-upon interest rate in a loan transaction and the "real" rate of interest. Learn how the "real" rate factors in the rate of inflation to determine the actual cost/benefit of borrowing and lending.